66 Elgin ST W, Cobourg, ON K9A 5T4
66 Elgin ST W, Cobourg, ON K9A 5T4
66 Elgin ST W, Cobourg, ON K9A 5T4
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Christine Domina

Christine Domina

Real Estate Smarts - Christine Domina

+1(416) 873-4747
$1,099,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Subdivision Cobourg

MLS Listing ID X13572802

Annual Tax Amount $18,508

Tax Year 2026

Property Sub-Type Commercial Retail

Property Description

Exceptional investment opportunity in one of Cobourg's established commercial corridors. This fully leased income producing property combines stable cash flow, future development potential and a highly desirable location with exceptional visibility and exposure. With over 5,000sq. ft., this building is home to three established commercial tenants, providing immediate rental income while minimizing vacancy risk. Situated on a high traffic route with 13 municipally allocated parking spaces, the property offers excellent accessibility for tenants and customers alike, a valuable feature that's increasingly difficult to find in Cobourg. Positioned within the LM-14 zoning designation, the property also presents future opportunities for investors. In addition to its existing commercial use, the property includes one residential zoning component and may offer the potential to add/convert a residential unit, subject to approval from the Town of Cobourg, creating an opportunity to further enhance revenue over time. The current owners have made substantial capital improvements throughout their ownership, including a steel roof, multiple ductless heating and cooling systems, renovated commercial spaces, updated kitchens and bathrooms, new flooring, doors, security upgrades, mechanical improvements and more. These investments provide peace of mind while reducing the likelihood of major capital expenditures in the near future. Whether you're expanding an investment portfolio, securing a long term commercial asset or looking for a property with additional upside, 66 Elgin Street West offers a compelling combination of reliable income, quality improvements and future potential in one of Northumberland County's strongest commercial markets.

Location

Province ON

County Northumberland

Area Northumberland

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 74.74

Lot Depth 205.0

Others

Security Features No

ParcelsYN No

Virtual Tour https://youtu.be/1d6x4pXkTQI

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Listed by RE/MAX Rouge River Realty Ltd.

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Christine Domina

Christine Domina

+1(416) 873-4747

Realtor | License ID: 9603994

Realtor License ID: 9603994

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